Affymetrix swings to quarterly loss on higher costs

CarolynPritchard

SAN FRANCISCO (MarketWatch) -- Affymetrix Inc.
affx
after Wednesday's closing bell said it swung to a third-quarter loss on higher costs, including a $10 million restructuring charge. The Santa Clara, Calif.-based genomics toolmaker said it lost $14.2 million, or 21 cents a share, in the latest quarterly period. Affymetrix made $9.4 million, or 14 cents a share, in the third quarter of 2005. Revenue in the latest quarter edged higher, to $84.7 million from $83.4 million, ahead of the average $80 million forecast of analysts polled by Thomson First Call.

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